News & Analysis

Bayh says he will not run for governor in 2012

December 12, 2010
Associated Press
Many Indiana Democrats had hoped a Bayh candidacy for governor could begin reversing a string of setbacks for their party.
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IU's health care budget could be $25 million short

December 11, 2010
Associated Press
Indiana University's board of trustees has learned that the school's health care budget is $24.9 million short of projected expenses in 2011-12.
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NFL owners start planning for possible lockout

December 11, 2010
Anthony Schoettle
The Indianapolis Colts—and the team’s National Football League brethren—this month laid out plans for how teams would refund money to season-ticket buyers in the event owners lock out players and games are canceled next season.
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Former Allison executive alleges bribery

December 11, 2010
Kathleen McLaughlin
Stephen Lowe, a former Allison Transmission managing director based in Shanghai, claims the company booted him from a top post in China because he raised concerns about bribery.
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Controversial airport scanners identify more crooks than terrorists

December 11, 2010
Chris O'Malley
The federal government’s latest, more-intrusive airport screening measures appear more useful in finding drugs and wads of cash than tools of terror, a review of Indianapolis Airport Police records suggests.
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Summit Realty plans to grow into new headquarters

December 11, 2010
Cory Schouten
Summit Realty Group is building out a new headquarters in a historic downtown building as its principals embark on an aggressive growth plan for the privately held company.
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Distribution deal to stoke sales at pain-pump maker SymbiosRestricted Content

December 11, 2010
J.K. Wall
The Indianapolis company expects the pact will boost revenue from $1 million now to more than $10 million in 2013.
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Language Training Center finds lucrative niche in sportsRestricted Content

December 11, 2010
Anthony Schoettle
Women's golf tour, other sports properties turn to local firm for language, cultural skills
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One Click buys, rejuvenates retail websites using online marketing savvyRestricted Content

December 11, 2010
Chris O'Malley
Greenwood company buys sites on the cheap and turns them into profit centers.
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Online 'daily deals' coupons transform local advertisingRestricted Content

December 11, 2010
Cory Schouten
A big-dollar offer from Google for Groupon—the undisputed king of a U.S. daily deal industry already worth $2.5 billion a year—has emboldened an armada of coupon competitors looking to grab a piece of the fast-growing market.
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TJX closing A.J. Wright brand, cutting 4,400 jobs

December 10, 2010
Associated Press
Indianapolis has four A.J. Wright stores that are slated for conversions rather than closures.
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CB Richard Ellis names new managing director

December 10, 2010
The local office of the commercial real estate brokerage has named firm veteran John Merrill as its new managing director. He replaces David Reed, who left in late August.
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Printer suing Indianapolis Woman publisher for $271K

December 10, 2010
Scott Olson
Mignone Communications claims Weiss Communications, which publishes Indianapolis Woman, owes it $271,196 for printing costs dating to November 2007.
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Feds charge Marsh with unfair labor practices

December 10, 2010
 IBJ Staff
The National Labor Relations Board filed a formal complaint after investigating charges that Marsh Supermarkets threatened and intimidated employees to discourage them from forming a union. The grocery chain also allegedly fired an employee for supporting the union.
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FinishMaster to be acquired in $172M deal

December 10, 2010
 IBJ Staff
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
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Duke, others withdraw cost deal on Indiana project

December 9, 2010
Bloomberg News
Duke, the Indiana Utility Consumer Counselor and other groups will renegotiate the terms of a plan to boost rates to raise $530 million for Duke’s Edwardsport plant, the Charlotte, N.C.-based company
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Two states lose federal high-speed rail money

December 9, 2010
Associated Press
The Obama administration is taking $1.2 billion in high-speed rail money away from Ohio and Wisconsin and awarding it to 12 other states, Transportation Secretary Ray LaHood said Thursday.
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Daniels names Massa to lead state alcohol board

December 9, 2010
Francesca Jarosz
Gov. Mitch Daniels on Thursday appointed Mark Massa, who served as Daniels’ general counsel before leaving the post earlier this year to run for prosecutor, to run the state’s Alcohol and Tobacco Commission.
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ITT Educational, for-profit peers reaped $521M from military

December 9, 2010
Bloomberg News
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
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Lender seeking to foreclose on northwest-side hotel

December 9, 2010
Scott Olson
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
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Clarian Health looks to scoop up White County hospital

December 9, 2010
J.K. Wall
The Indianapolis-based hospital system’s board of directors could vote to acquire the 25-bed hospital as early as next week, but might put off a decision till February.
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LEADING QUESTIONS: Deputy mayor keeps thick skin

December 9, 2010
Mason King
LQ_Huber_watch_videoMichael Huber has learned not to take critics' barbs personally as he oversees some of the city's biggest deals.
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Jobless claims fall near lowest level of year

December 9, 2010
Associated Press
In November, the economy added just 39,000 net jobs and the unemployment rate rose to 9.8 percent. Many economists predict December will be a stronger month for hiring.
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Military contracts add up for Raytheon

December 9, 2010
 IBJ Staff
Raytheon Technical Services Co. in Indianapolis won a $31.1 million contract to provide cryptographic services for the U.S. Air Force, Army and Navy, the Department of Defense announced Wednesday.
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Whistleblower suit cites Rolls-Royce engine flaws

December 8, 2010
 IBJ Staff and Associated Press
Rolls-Royce Corp. concealed repeated defects at an aircraft engine plant in Indianapolis and fired a safety official for reporting the problems, according to a lawsuit filed in federal court.
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  1. Only half a million TV Viewers? And thats an increase? I knew Indycar was struggling but I didn't know it was that bad. Hell, if NASCAR hits 5 Million viewers everyone starts freaking out saying its going down hill. It has a long way to before Indycar even hits NASCAR's bad days.

  2. IU has been talking that line for years with no real progress even with the last Dean, Dr. Brater. Why will an outsider, Dr. Hess, make a difference? With no proof of additional resources (cash in the bank), and a concrete plan to move an academic model that has been outdated for decades with a faculty complacent with tenure and inertia, I can count on IU to remain the same during the tenure of Dr. Hess. One ought to look to Purdue and Notre Dame for change and innovation. It is just too bad that both of those schools do not have their own medical school. Competition might wake up IU. My guess is, that even with those additions to our State, IU will remain in its own little world squandering our State's tax dollars. Why would any donor want to contribute to IU with its track record? What is its strategy to deal with the physician shortage for our State? New leadership will not be enough for us to expect any change.

  3. How do you think the Bridges got approved? I spent a couple days researching PAC's and individual contributions to some city council members during that time. My printouts were inches thick on the two I concentrated on. Finally gave up. Was disgusted with all the donations, and who they were from. Would have taken me days and days to compile a complete list. Tried to give it to the Star reporter, but he thought it was all just fine. (and apparently he was treated well himself) He ended up being laid off or fired though. And then of course, there was land donated to the dad's club, or city, as a partial payoff. All done in the shining example of "charity." No, none of these contributions are a coincidence.

  4. I agree what kind of help or if any will be there for Dr. Ley's patients. I was a patient myself.

  5. What about the hundreds of patients who sought this doctor for the right reasons, to quit drugs. what option do these patients now have, experience horrible withdrawl or return to heroin?? those are the choices. what about the children of these former addicts who's parent(s) WILL not b able to maintain their job, for @ least 2 weeks.. There needs to b an emergency clinic opened for these patients.

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